Point Eng Limited

Point Eng Ltd, based in Hull, UK, is a small, active company founded six years ago in 2019. With fourteen employees and £351,561 in assets, it operates from a real address and is led by a single director and owner—a solo founder. The company holds a respectable 4.0 Google rating from three reviews. Point Eng Ltd is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with a recent import activity recorded one months ago in June 1, 2022.

The company’s website highlights its focus on exceptional quality mechanical and industrial engineering, serving manufacturing, processing, energy, and marine sectors. Point Eng Ltd offers a range of services, from fabrication and assembly to renewable energy integration and marine engineering solutions. It emphasizes a “enginuity engineering” approach, combining technical expertise with a craft-based consideration. The website also showcases a diverse range of special marine flood access protection products. Point Eng Ltd’s website clearly shows that the company is doing machining, manufacture of metal structures and parts of structures.

Financially, Point Eng Ltd presents a mixed picture. While current assets increased by 72% to £350,000, net assets grew by a staggering 210% to £83,000. However, bank borrowings decreased by -46% to £12,000, and cash reserves plummeted -91% to just £3,000. Trade debtors rose by 140% to £310,000, which could indicate increased sales but also potential payment delays. Creditors also increased by 49% to £340,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Point Eng Ltd seems to be growing, with increased assets and equity, but the sharp decline in cash reserves and the rise in trade debtors suggest that the company is needing to manage its cash flow more carefully. It's a small business with a lot of potential, but it will need to keep a close eye on its finances to ensure long-term success.

Registered in England/Wales under the registration number 11798834, with a registered address at HU9 1SD, England, Hull, Lee Smith Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.